Century Aluminum Co (CENX) Receives $14.47 Consensus Price Target from Analysts

Shares of Century Aluminum Co (NASDAQ:CENX) have received a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $15.25.

CENX has been the topic of several analyst reports. Berenberg Bank initiated coverage on Century Aluminum in a research note on Friday, September 21st. They issued a “sell” rating and a $10.00 target price on the stock. ValuEngine upgraded Century Aluminum from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub upgraded Century Aluminum from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 3rd. Macquarie set a $13.00 target price on Century Aluminum and gave the company a “hold” rating in a research note on Friday, October 26th. Finally, Zacks Investment Research lowered Century Aluminum from a “buy” rating to a “hold” rating in a research note on Thursday.

Shares of Century Aluminum stock traded down $0.16 during trading on Friday, hitting $8.57. 1,235,670 shares of the stock traded hands, compared to its average volume of 1,910,459. The firm has a market cap of $763.28 million, a P/E ratio of 23.81 and a beta of 1.29. The company has a current ratio of 2.56, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30. Century Aluminum has a 52-week low of $6.54 and a 52-week high of $24.77.

Century Aluminum (NASDAQ:CENX) last posted its earnings results on Thursday, October 25th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Century Aluminum had a return on equity of 6.51% and a net margin of 1.80%. The company had revenue of $481.80 million for the quarter, compared to analyst estimates of $469.09 million. Analysts forecast that Century Aluminum will post -0.27 earnings per share for the current year.

In other Century Aluminum news, Director Jarl Berntzen purchased 10,000 shares of the stock in a transaction on Tuesday, October 30th. The stock was acquired at an average price of $7.80 per share, with a total value of $78,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.59% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in Century Aluminum by 1,531.9% in the third quarter. Tower Research Capital LLC TRC now owns 9,106 shares of the industrial products company’s stock worth $109,000 after acquiring an additional 8,548 shares in the last quarter. United Services Automobile Association acquired a new stake in Century Aluminum in the second quarter worth about $159,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Century Aluminum in the second quarter worth about $166,000. Virtu Financial LLC acquired a new stake in Century Aluminum in the third quarter worth about $132,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Century Aluminum in the third quarter worth about $192,000. 57.87% of the stock is owned by institutional investors and hedge funds.

About Century Aluminum

Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary and secondary aluminum in the United States and Iceland. The company was founded in 1995 and is headquartered in Chicago, Illinois.

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Analyst Recommendations for Century Aluminum (NASDAQ:CENX)

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